How to Exploit Patents for Innovation? Green Future and Sustainable Development in Vietnam

The Government of Vietnam recently issued a Strategy for Intellectual Property 2030 and amended the Law on Intellectual Property in 2022 for the economic development of Vietnam through stimulating innovation and creativity. Many solutions are recommended to foster the integration of research and development, and intellectual property such as recycling, water cleaning, treatment of poisonous exhausted air, energy saving, green technology for conserving ecosystems. To have more inventions and patents, Vietnam needs to protect its intellectual property rights (IPRs) involving all its various sectors and entities more. However, the current status of IPRs protection in Vietnam shows limitations in this field due to lack of appropriate legal rules on civil and criminal sanctions. This article will give an overview of IPRs protection in Vietnam and then analyze some current provisions relating to civil and criminal sanctions for IPRs infringement based on the experiences of some foreign countries. It will also recommend some solutions for overcoming these challenges.